MIRA
INFORM REPORT
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Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
NARULA UDYOG INDIA PRIVATE LIMITED |
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Registered Office : |
A-75, Naraina Industries Area, Phase-I,
New Delhi 110 028, India. |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
07.12.1974 |
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Com. Reg. No.: |
55-7548 |
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CIN No.: [Company
Identification No.] |
U74899DL1974PTC007548 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN00027G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers of Hospital Furniture, Operation Theatre Equipments,
Wheel Chairs and Suctions in India |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 11000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed company having
satisfactory track records. Directors are reported as experienced and
respectable businessmen. Trade relations are reported as fair. Business is
active. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
A-75, Naraina Industries Area, Phase-I,
New Delhi 110 028, India. |
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Tel. No.: |
91-11-25795757/25798179/41063888 |
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Mobile.: |
91-93137 02771 |
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Fax No.: |
91-11-25793744/414187777 |
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E-Mail : |
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Website : |
http://www.medikraft.com |
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Marketing Division : |
Narula Exports, Narula's Tower, 25, Central Market, Punjabi Bagh
(West), New Delhi - 110026 |
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Tel. No.: |
91-11-2522 3873, 2522 4102, 4246 3995, 4246 3996 |
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Fax No.: |
91-11-2522 8702 / 2522 5376 |
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E-Mail : |
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Export division-Administration office |
45, North Avenue, Punjabi Bagh (West), New Delhi – 110 026 |
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Tel. No.: |
91-11-25113869/25113873/ 25438890/ 25499101 |
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Fax No.: |
91-11-25438702/ 25435376 |
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E-Mail : |
nuipl@vsnl.com, namexpo@nde.vsnl.net.in, exports@medikraft.com, naruexpo@hotmail.com, naruexpo@indiainfo.com |
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Representatives in India |
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DIRECTORS
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Name : |
Mr. Subhash Kumar Narula |
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Designation : |
Director |
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Address : |
39, North Avenue, Punjabi Bagh, New Delhi
– 110 026. |
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Date of Birth/Age : |
12.09.1946 |
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Date of Appointment : |
07.12.1974 |
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Name : |
Mr. Prashant Narula |
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Designation : |
Director |
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Address : |
39, North Avenue, Punjabi Bagh, New Delhi
– 110 026. |
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Date of Birth/Age : |
13.02.1979 |
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Date of Appointment : |
15.03.1997 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Subhash Kumar Narula |
6450 |
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Mrs. Neerja Narula |
3173 |
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M/s. S.K.Narula & Sons |
1535 |
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Mrs. Meeta Narula |
50 |
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Mr. Prashant Narula |
1573 |
31.03.2006
Directors or relative of director – 100%
BUSINESS DETAILS
GENERAL
INFORMATION
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Suppliers : |
v Tente GMBH,
Germany v Shiesheng
Industrial Company Limited, Taiwan v I.N. Engineers,
New Delhi, India v E.Mata &
Company, New Delhi, India v G.L.Agarwal
& Sons, New Delhi, India |
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Customers : |
v Batra Hospital, India v Pushpawati Singhania Hospital, Delhi, India v Escorts Hospital and Research Center, Delhi, India v Indraprastha – Appollo Hospital, Delhi, India v Bombay Hospital Trust, Mumbai and Indore, India North v
Ashlok Hospital v
Apollo Health &
Lifestyle Clinics v
Apollo Hospital v
Apollo Millennium (City
Hospital) v
Assam Medical College And
Hospital v
Batra Hospital &
Research Centre v
Brunei Embassy v
Beas Hospital v
Bhota Hospital v
Birla Institute of Medical
Research v
Chhabra Nursing Home v
Christian Medical
College v
Disha Hospital Private.
Limited. v
Delhi Heart Inst. &
Res. Centre v
Dashmesh Hospital New
v
Dena Hospital v
East West Medical
Centre v
Escorts Heart Institute
& Research Centre v
Escorts Hospital v
Gitanjali Hospital v
G.M. Modi Hospital South v
Apollo B.G. S.
Hospital v
Apollo Sagar Hospital
v
A.J. Hospital v
Apollo Hospital v
Babu Hospital v
Mallige Medical Centre (P)
Limited. v
Manipal Group of
Hospitals v
Chiranth Hospital v
Columbia Asia Hospital
Private. Limited. ( A chain of hospitals from US) v
Narayana Hrudayalaya
Private. Limited. East & Far East v
Bhargava Hospital v
Bhillai Steel Plant Main
Hospital . v
Bir Hospital v
Civil Hospital v
Dr. B. Barooha Cancer
Institute v
Down Town Hospital Private.
Limited. v
Guwahati Medical College
And Hospital v
Heritage Hospital v
Hindustan Aeronautics
Limited. v
Indian Oil Corporation Limited.
v
Mission Hospital v
Rama Krishna Mission
Hospital v
Regional Medical
College Central and West India v
Aditi Hospital v
Ayushman Hospital v
Bhopal Memorial Gas Trust
Hospital v
BSES Hospital v
Kamla Nehru Hospital v
BOMBAY HOSPITAL TRUST
v
Escorts Heart Command
Centre v
P.K.C. Hospital &
Medical Research Centre v
BOMBAY HOSPITAL TRUST
International v
Adventist Development &
Relief Agency v
Afghanistan Reconstruction
& Department Services (ARDS), Ministry of Public Health v
Alwali Trading &
Services v
AZ Trading Company v
B.P.Koirala Memorial Cancer
Hospital Chitwan v
Brain Bell & Co.
Limited v
Central Medical Stores v
Chif Information Network
Limited v
Etab Inter-Medica
P.L.C. v
Ethiopian Drug
Administration and Control Authority (DACA) v
Friendship General Stores
& Distributors v
Guan Soon Impex v
JMB et CO. SARL v
Lily Institute of Medical
Science v
Logistics Management
Division, Department of Health v
Mackwoods Limited v
Manipal College of Medical
Science v
Manama Medical &
Chemical Est v
Mario Herbe Venegas Cubero v
Medical Stores
Department v
Ministry of Health &
Population v
Nepal Himal Equipment
Centre |
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No. of Employees : |
70 |
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Bankers : |
v Punjab National
Bank, Punjabi Bagh, New Delhi – 110 026 v ICICI Bank
Limited, Punjabi Bagh, New Delhi – 110 026 |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S.C.Mehta & Associates Chartered Accountants |
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Address : |
1E/ 12, Sewak House, 3rd Floor, Jhandewalan Extraction, New
Delhi – 110055 |
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Associates/Subsidiaries : |
v Narula Exports,
New Delhi, India v Advanced
Technomed Private Limited, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000
millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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12781 |
Equity Shares |
Rs. 100/- each |
Rs. 1.278
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.278 |
1.278 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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1.598 |
1.337 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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2.876 |
2.615 |
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LOAN FUNDS |
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1] Secured Loans |
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1.261 |
2.434 |
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2] Unsecured Loans |
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6.139 |
5.109 |
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TOTAL BORROWING |
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7.400 |
7.543 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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10.276 |
10.158 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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4.047 |
2.977 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.005 |
0.006 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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4.472 |
4.458 |
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Sundry Debtors |
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5.615 |
3.787 |
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Cash & Bank Balances |
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1.142 |
0.211 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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2.714 |
2.518 |
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Total
Current Assets |
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13.943 |
10.974 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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7.613 |
3.799 |
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Provisions |
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0.106 |
0.000 |
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Total
Current Liabilities |
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7.719 |
3.799 |
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Net Current Assets |
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6.224 |
7.175 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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10.276 |
10.158 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2005 |
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Sales Turnover |
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21.962 |
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Other Income |
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0.000 |
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Total Income |
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21.962 |
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Profit/(Loss) Before Tax |
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0.388 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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0.388 |
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Expenditures : |
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Other Expenditure |
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21.574 |
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Total Expenditure |
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21.574 |
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A with Profit & Loss figures for 31.03.2006 will be sent soon.
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total
Income |
(%) |
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-- |
1.76 |
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Net Profit Margin (PBT/Sales) |
(%) |
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-- |
1.76 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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-- |
2.78 |
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Return on Investment (ROI) (PBT/Networth) |
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-- |
0.14 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.25 |
4.33 |
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Current Ratio (Current Asset/Current Liability) |
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1.80 |
2.88 |
LOCAL AGENCY
FURTHER INFORMATION
BUSINESS
Subject is one of the leading manufacturers of Hospital Furniture,
Operation Theatre Equipments, Wheel Chairs and Suctions in India. It is a unit of Narula Group of Companies
who are in the field of medical supplies since 1953. This unit was incorporated in New Delhi and its manufacturing
unit is located in Naraina Industrial Area, New Delhi. The manufacturing unit is equipped with the
best of machinery and production facilities including Powder Epoxy Coating
Plant, Foaming Machines, Press Shop, Tool Room, Mig & Tig, Welding
Machines, etc.
Narula Udyog’s continual development coupled with a wealth of ideas and
total commitment to quality has helped it to gain reputation for excellence as
a manufacturer of Hospital Furniture and Equipments over the years.
Subject’s dealers and/or liaison agents are :
A.Z.Marketing Private Limited (Dealer / Liaison
Agent)
102, First Floor,
Raheja Arcade, Karamangala, Bangalore, Karnataka
Tel:
91-80–5522643, Fax: 91-80–5531550
Contact Person: Mr. Aslam Nawab
Glory Equipment Private Limited (Dealer)
115, M.P.Nagar,
Zone – II, Bhopal – 462 011, Madhya Pradesh
Tel:
91-755–2273628/ 2578401, Fax: 91-750–2578403
Contact Person: Mr. H.S.Mitragotri
Medreshe (Liaison Agent)
Shillong
Cell: 9863061177
Contact Person: Mr.Don
Allen Greaves Systems(Liaison Agent)
25-A,
Baishnabghata Road, Kolkata – 700 047, West Bengal
Tel:
91-33-24305258/ 24305263/ 24627153, Fax: 91-33-24301884
Email: allengre@cal3.vsnl.net.in
Contact Person: Mr.Arindam Banerjee
Surgimed(Dealer)
69, Court Road,
Amritsar, Punjab
Tel:
91-1813-564328
Cell: 9814109051
Contact Person: Mr.Rajeev Arora
S.S.International Medical Equipments (Liaison
Agent)
Flat No. 501,
Rajeswari Towers, Shridi Sibaba Temple Lane Punjagutta, Hyderabad – 500082,
Andhra Pradesh
Tel:
91-40-23353720/ 26500376, Fax: 91-40-23353720
Cell: 9849012899
Contact Person: Mr.D.M.Rao
V.S. Agencies (Dealer)
No. 177, Karpatiri
Simriti Estate, durga kund, Varanasi-221010, Uttar Pradesh
Tel:
91-542-2275266
Contact Person:.Dr. Rakesh Arora
As per website details
Company Profile
Narula Udyog (India) Private Limited.
Narula Udyog (India) Private Limited.
Narula Udyog (India) Private. Limited. is one of the leading manufacturers of Hospital Furniture, Operation Theatre Equipment, Wheel Chairs and Suctions in India. It is a unit of Narula group of companies who are in the field of medical supplies since 1953. This unit was incorporated in 1974 and its manufacturing unit is located in Naraina Industrial Area, New Delhi. The manufacturing unit is equipped with the best of machinery and production facilities including Powder Epoxy Coating Plant, Sheet Foaming Machines, Press Shop, Tool Room, Mig & Tig, Welding Machines etc.
Narula Udyog has spent all these years in optimizing the techniques of quality
production using advance technology. Moreover, it is the company's policy to
delight its customers by supplying consistent quality of products as per their
specified requirements and delivery schedules at most competitive prices. Apart
from this the Continual development coupled with a wealth of ideas and total
commitment to quality has helped it to gain reputation for excellence as a
manufacturer of Hospital Furniture and Equipments over the years.
All this along with its dedicated work force well experienced management, who have passion to refine the existing products & introduce new products has kept the brand 'MEDIKRAFT' way ahead of competition. The hallmark of their commitment to quality is its International Standards Organization (ISO) registration.
Narula Exports a unit of Narula Group of companies was incorporated in 1990 to exclusively look after the exports of the Narula group and its associates. This organization was specially formed to cater the ever growing demands of International market effectively in diversified field, including medical, the parent field.
Narula Exports achieved the ISO 9001:2000 status in beginning of 2002, and are
in process of getting various of their products C.E certified. Since 1990,
Narula Exports has been serving the one community called “Mankind” by catering
to the needs of most through more innovation, reach, awareness and service by
their quality of marketing the products they take up.
Narula Exports has to its credit furnishing of various hospitals on turn-key
basis. One of their specialties are participation in the international
competitive bids. They have been awarded various contracts of World Bank, UN
Aided, and Red Cross projects, besides regular supplies to various Health
Departments in their respective countries.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.14 |
|
UK Pound |
1 |
Rs.84.71 |
|
Euro |
1 |
Rs.57.58 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|